Individuals including Minors (through guardian) in single name.
Minimum/ Maximum Balance Requirement
Not applicable
Cheque book / Debit Card / ATM Card/ Welcome Kit/ Internet Baking / Mobile Banking facility
By default, these facilities are not available in this product.
However, in case these facilities have already been issued, the court shall direct the bank to cancel the same before the disbursement of the award amount.
The bank shall make an endorsement on the passbook of the claimant(s) to this effect that no cheque book and/or debit card has been issued and shall not be issued without the permission of the Court.
Mode of Operation in the account
Only single operation.
In case of Minor accounts, the operation will be through guardian.
Withdrawals
Only through Withdrawal Forms or through Bio-Metric authentication.
Product change
Not permitted
Place of Opening
Only at the Branch near to the place of residence of Claimant (as directed by the Court).
